Pakistan is currently borrowing at high interest rates from abroad due to severe financial crisis. It is said to have raised $ 100 crore (Rs 7,500 crore in Indian Rupees) at 7.95% interest due to the crisis situation of repaying this debt. The loan is said to have been obtained by mortgaging a section of the Lahore-Islamabad highway, claiming that it would repay the high-interest loan in seven years.
The government of Pakistan is trying to overcome the situation by taking this loan as the economic situation in Pakistan is currently more critical after the corona epidemic.
Earlier, Pakistan borrowed $ 300 billion from Saudi Arabia. It said it had spent $ 200 billion and had repaid the loan to deal with the financial crisis. The main economic challenges facing Pakistan are poverty and unemployment.